FIGHT the MAN. OWN the MOUNTAIN. Red Mountain Makes History by NOW Letting Fans Own a Portion of Paradise
Total Page:16
File Type:pdf, Size:1020Kb
FIGHT THE MAN. OWN THE MOUNTAIN. red mountain makes history by NOW letting fans own a portion of paradise. AUGUST 2016 COMMUNITY CAPITALISM? SECURE, SUSTAINABLE FUTURE THROUGH CROWDFUNDING U N I T Y N O W C O M M O W N E D , Anybody who loves skiing or snowboarding is now in a unique position to help make history thanks to RED Mountain Resort and StartEngine.com. This storied Canadian resort, located in Rossland, BC on “Imagine being oered a chance to own a the USA/Canada border, is bucking the trend of MegaResort mergers and acquisitions and taking its slice of the community-owned NFL next capital campaign to the people instead, via equity crowdfunding. football team Green Bay Packers back in 1929,” says Katkov. “By now your You can now OWN a slice of skier’s heaven AND BECOME grandkids would’ve inherited your shares, AN OWNER OF RED MOUNTAIN RESORT. safe in the knowledge that no billionaire RED is an endangered species in the resort world. We have the snowfall, vertical drop and world-class can move the team to California or New terrain to go boot-to-boot with the Big Guys, but have consciously maintained our mom ’n’ pop/weird York, and no single person can wrestle uncle feel for over 100 years. We’ve never been owned by a chain, or a bank, or big corporate control of the club away from its fans. who think pay days always trump powder days. We want to preserve this erce, independent spirit in the face of MegaResorts that might have started out targeting skiers’ hearts but now only have their wallets in the crosshairs...the recent Vail/Whistler purchase of over $1 billion ring any bells? PLAY THE VIDEO > “RED started as a ski club that was owned by the community,” explains RED CEO Howard Katkov. “You can feel it in the spirit of the place, the camaraderie, the spark. We have done everything in our power these last 12 years to keep that ame alive and this campaign is the latest expression of our intent to keep RED independent and thriving. We’re ‘ReBooting’ the Red Mountain Ski Club Community Ownership Model from 1947—only this time the clubhouse will have wireless!” WHAT WHY HOW INVESTORS ABOUT CONTACT FIGHT THE MAN. OWN THE MOUNTAIN. RED Mountain is the oldest ski resort in Western Canada with a history stretching back nearly a D E N T I N D E P E N S T O R Y century. When the creaky lifts started turning in 1947, there were no MegaResorts out there with S U C C E S S luxury shopping malls at the base, covered escalators to the lift lines, or cappuccino concierges. We’ve proven our independent, community-centric approach can get the Man, have things changed… Skiing and snowboarding are now on the cusp of becoming job done and that we don’t need pursuits for the elite like polo or Formula 1. Chain resorts and corporate entities that only corporate ownership to have strong care about the bottom line are pricing out families at every turn. And, after a ski week that numbers. But now we can be even should have them heading home with big goofy grins and sore quads, regular families are left with a stronger with your support. Last hollowed-out feeling (and wallet) that’s a cross between sunstroke and Disneyland. season was RED’s BEST scal year ever: This has all happened over the course of the last 20 years — with the Vail/Whistler Lift Ticket sales, Season Pass sales, purchase ($1.4 billion) just being the most recent example of this trend showing no signs and Lodging ALL UP. of stopping. RED wants to change it — before giant corporations change the sport we love forever. Total EBITDA came in 220% greater They don’t own skiing.* You do. than any previous record-breaking year’s results. We invest in the adventures available to our guests, whether it’s launching the biggest single terrain expansion in over 40 years, or putting all of the 4-season recreational opportunities in the region Total revenue 11% greater than any accessible for the rst time under one roof just for you. Rather than throwing dollars indiscriminately year in the 67 years since someone at over-developing a place people visit for its purity and simplicity, we actually listen to our customers started keeping proper books ‘round here. and develop our infrastructure sanely and sustainably to keep this place special. This campaign is simply the latest initiative to keep RED independent and thriving while focusing on your adventure. *Or snowboarding. You get the idea… Don’t worry, shredder. We love all of our children equally. PLAY THE VIDEO > WHAT WHY HOW INVESTORS ABOUT CONTACT GOING BIG TO STAY SMALL. New rules under the JOBS Act mean that you no longer have to have a High Net Worth to invest I N G T R E N D O V E R in companies you believe in. Equity Crowdfunding essentially allows 99-percenters to get TA K E some “skin in the game” and to invest in companies that make sense to them and/or speak to their passions and expertise. Did you know close to 40 ski resorts are owned by just 3 This rst stage, called "Test The Waters,” allows parties to express interest in the investment 100% corporations? And nearly 75% of risk-free without the commitment of handing over any actual loot - now or later. If the Test the Waters those were acquisitions in the last 14 campaign gains sucient traction, RED les an oering statement with the SEC in the U.S. & prepares years. We’re bucking the trend. a Canadian oering memorandum to launch RED’s oering with real dollars, actual equity, and unique Join us. And stick it to ‘em. perks sure to appeal to ski and snowboard enthusiasts especially. What we’re asking of the larger snow-sliding community is as straight-forward as pointing those planks downhill: Buy in now. And bow out of the side of skiing that is 110 ski resort1. acquisitions quickly becoming a pursuit for 1-percenters. since 2005 A killer investment, an opportunity that has never in history been oered before via equity crowdfunding—and let’s be honest—you get to “stick it to the man” all at the same time. Seriously, what 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 could be better? Aug2016 8 1. source: ski area management magazine PLAY THE VIDEO > WHAT WHY HOW INVESTORS ABOUT CONTACT WHAT’S IN IT FOR INVESTORS As an investor, you would become an actual owner of RED Mountain Resort. That’s right – U S B O N S T O O ! OWN: The mountain, the chairlifts, the lodge, condos, snow making, and even that one tree your P E R K buddy relieved himself on last winter. Every asset we’ve got, man. (Think of it as “Shred Equity”…) Your investment will come with tiered bonus perks to better enjoy the What we are oering here on StartEngine is truly the opportunity of a lifetime. We’ve been at this for adventure, lifestyle, and culture that 12 years and could use the help of the people at this juncture to stay erce, independent, proud, and you're helping preserve. (As if owning a a little bit odd. We’re focused on building and growing this community and this love for the sport. slice of RED Mountain Resort isn't enough!) Some perks include: Money raised in stage 2 of this campaign will go toward improving the adventure here at RED. We like to think of it as investing in one’s own happiness, like a cold craft beer or getting their car Membership to the brand new detailed at the end of a long winter. Plans include remodeling the Paradise lodge; additional run clubhouse at the top of Grey Mountain development for expanded cat skiing on Mount Kirkup; building a new restaurant, clubhouse, and overnight on mountain cabins at the top of Grey Mountain; and the extension of the Silverlode chair to Lift tickets good for 5 years allow access to both Granite Mountain and Grey Mountain. For spring and summer activities, we’ll be Limited edition custom skis or building a multi-use trail for hiking and mountain biking from the base area to the top of Grey snowboards Mountain connecting to the Seven Summits trail system. Multi-Year Season Passes Investment money will also be supporting the creation of an annual local academic Scholarship fund Membership access to for higher education. As an investor, you can be part of all of this - and more importantly, an owner of overnight on-mountain cabins all of this. WATCH THEPLAY VIDEO THE VIDEO PITCH > > WHAT WHY HOW INVESTORS ABOUT CONTACT ABOOT RED MOUNTAIN RESORT (hey, we’re canadian...) Located in Rossland, BC—the rst stop along the famous “Powder Highway”—RED delivers 2,877 lift-serviced acres (4,200 total!) of pristine skiing unfettered by overdevelopment. With epic vertical (2,919 ft/890m!), in-bounds cat-skiing, wide-open groomers, 360-degree descents, a rich tradition, and—phew!—the BEST gladed tree runs in North America, this best-kept secret has been let out of the bag. T H E E R S O U N D S G E R D S T Y B Y N U M B I N - B A C R E A A W A A’ P L E N STATS FOR THE MATH DUDES.